Oraichain, an AI layer-1 blockchain, said in a post on X that its network remains suspended after a vulnerability in the EVM cross-chain transfer path triggered unauthorized minting of ORAI tokens. The network was halted at 12:00 on August 9, with cross-chain routers and public interfaces restricted. The team said it has confirmed and is handling the vulnerable path, while related fund flows have been limited. To prevent further transfers and protect affected funds, Oraichain is coordinating with partners and centralized exchanges. An investigation and reconciliation are still underway. The project also plans to burn the unauthorized tokens and coordinate protocol state to restore the ORAI supply.
Oraichain, an AI layer-1 blockchain, has disclosed that a vulnerability in its EVM cross-chain transfer path allowed unauthorized minting of ORAI tokens. The network has been suspended since 12:00 on August 9, according to a post from the team on X. Cross-chain routers and public interfaces were restricted as part of the response.
The team said it has identified the vulnerable path and is handling the issue. Related fund flows have been limited. Oraichain is working with partners and centralized exchanges to restrict further transfers and safeguard affected funds. An investigation and reconciliation process is ongoing.
To restore the ORAI supply, the team said it plans to burn the unauthorized tokens and coordinate protocol state.
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